Market Overview:
The global CNC engraving machine market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for engraved products from different applications such as furniture products, advertising decoration products, handcrafted gifts, and others. In addition, technological advancements in laser engraving machines are also contributing to the growth of this market. However, high initial investment and maintenance cost may restrain the growth of this market during the forecast period.
Product Definition:
A CNC engraving machine is a computer-controlled device that uses a cutting tool to create designs or text on a variety of surfaces. The importance of CNC engraving machines lies in their ability to produce very precise results, making them ideal for tasks such as creating detailed logos or lettering.
Woodworking Engraving Machines:
Woodworking engraving machines are used for cutting designs and patterns into wood. The machine uses an electric current to burn the design or pattern into the wood surface. It is one of the oldest methods used by humans as a means of decoration and also one of the most popular methods in present times. The process is simple, easy, safe & cost-effective; it does not require any special skills & can be done by anyone with basic tools & equipment easily.
Stone Engraving Machines:
Stone engraving machines are used in the CNC engraving machine market for cutting designs and patterns into stones, metals, glass or any other hard surface. The stone can be of natural or synthetic origin. Stone Engraving Machines (SEM) is capable to perform high-quality cuts with a minimum amount of waste material.
The design data is entered through a computer using an interface.
Application Insights:
The application segment includes furniture products, advertising decoration products, handcrafted gifts and others. The furniture product segment dominated the global market in 2017 owing to the growing demand for customized office equipment and residential solutions among other decorative woodworking applications.
The handcrafted gift segment is expected to witness significant growth over the forecast period due to increasing demand for personalized presents from family members and friends. Personalized ornaments, collectible items as well as novelties are highly preferred by consumers globally who are looking out for unique gift options that can be kept at home after completion of Christmas shopping trips. This has led to an increase in demand for CNC engraving machines among manufacturers of such personalized presents so that they can personalize ornaments with their company logos which will later be gifted during festive occasions such as weddings and anniversaries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of craftspeople, who use traditional methods for creating unique decorative items. This is likely to generate demand for laser engraving machines in this region. Europe accounted for more than 25% of the overall revenue share in 2017 owing to high demand from several end-use industries such as furniture, advertising decoration products, handcrafted gifts and others.
North America also held a significant market share due to growing popularity of personalized or customized engraved jewelry among consumers across U.S., Canada and Mexico countries as well as increasing adoption rate of personalized gift products among corporate entities especially within U.S.
Growth Factors:
- Increasing demand for customized products: The global CNC engraving machine market is expected to grow at a significant pace in the next few years, owing to the increasing demand for customized products. This is mainly because of the growing trend of personalization and customization among consumers across the globe.
- Rising popularity of 3D printing: The popularity of 3D printing is another major factor that is expected to drive the growth of the global CNC engraving machine market in the near future. This technology allows users to create three-dimensional objects from a digital model using various materials such as plastic, metal, and wood.
- Technological advancements: The advancement in technology has led to introduction of new and innovative CNC engraving machines in the market, which are capable of performing multiple tasks simultaneously with high accuracy and speed. This is likely to boostthe growthof thismarketin thenear future .
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Engraving Machine Market Research Report
By Type
Woodworking Engraving Machines, Stone Engraving Machines, Advertising Engraving Machines, Glass Engraving Machines, Laser Engraving Machines, Others
By Application
Furniture Products, Advertising Decoration Products, Handcrafted Gifts, Others
By Companies
Sange Machinery, Five Axis CNC Equipment, Chouxin Automation, Gravotech, HUAGUAN CNC, Leimu Digital, Liaocheng Longtai Laser, Jinan Singhui CNC Technology, ROC Machine, Anderson Group, Shenzhen Jojoyseiko, Jingdiao Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global CNC Engraving Machine Market Report Segments:
The global CNC Engraving Machine market is segmented on the basis of:
Types
Woodworking Engraving Machines, Stone Engraving Machines, Advertising Engraving Machines, Glass Engraving Machines, Laser Engraving Machines, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furniture Products, Advertising Decoration Products, Handcrafted Gifts, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sange Machinery
- Five Axis CNC Equipment
- Chouxin Automation
- Gravotech
- HUAGUAN CNC
- Leimu Digital
- Liaocheng Longtai Laser
- Jinan Singhui CNC Technology
- ROC Machine
- Anderson Group
- Shenzhen Jojoyseiko
- Jingdiao Group
Highlights of The CNC Engraving Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Woodworking Engraving Machines
- Stone Engraving Machines
- Advertising Engraving Machines
- Glass Engraving Machines
- Laser Engraving Machines
- Others
- By Application:
- Furniture Products
- Advertising Decoration Products
- Handcrafted Gifts
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNC Engraving Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CNC engraving machine is a type of 3D printing technology that uses rotary motion to create detailed images or patterns on a variety of materials. The machine typically consists of a computer-controlled cutting head that can carve intricate details out of metal, plastic, or other materials.
Some of the key players operating in the cnc engraving machine market are Sange Machinery, Five Axis CNC Equipment, Chouxin Automation, Gravotech, HUAGUAN CNC, Leimu Digital, Liaocheng Longtai Laser, Jinan Singhui CNC Technology, ROC Machine, Anderson Group, Shenzhen Jojoyseiko, Jingdiao Group.
The cnc engraving machine market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNC Engraving Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CNC Engraving Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CNC Engraving Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CNC Engraving Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CNC Engraving Machine Market Size & Forecast, 2018-2028
4.5.1 CNC Engraving Machine Market Size and Y-o-Y Growth
4.5.2 CNC Engraving Machine Market Absolute $ Opportunity
Chapter 5 Global CNC Engraving Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 CNC Engraving Machine Market Size Forecast by Type
5.2.1 Woodworking Engraving Machines
5.2.2 Stone Engraving Machines
5.2.3 Advertising Engraving Machines
5.2.4 Glass Engraving Machines
5.2.5 Laser Engraving Machines
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global CNC Engraving Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 CNC Engraving Machine Market Size Forecast by Applications
6.2.1 Furniture Products
6.2.2 Advertising Decoration Products
6.2.3 Handcrafted Gifts
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC Engraving Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CNC Engraving Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America CNC Engraving Machine Analysis and Forecast
9.1 Introduction
9.2 North America CNC Engraving Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America CNC Engraving Machine Market Size Forecast by Type
9.6.1 Woodworking Engraving Machines
9.6.2 Stone Engraving Machines
9.6.3 Advertising Engraving Machines
9.6.4 Glass Engraving Machines
9.6.5 Laser Engraving Machines
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America CNC Engraving Machine Market Size Forecast by Applications
9.10.1 Furniture Products
9.10.2 Advertising Decoration Products
9.10.3 Handcrafted Gifts
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe CNC Engraving Machine Analysis and Forecast
10.1 Introduction
10.2 Europe CNC Engraving Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe CNC Engraving Machine Market Size Forecast by Type
10.6.1 Woodworking Engraving Machines
10.6.2 Stone Engraving Machines
10.6.3 Advertising Engraving Machines
10.6.4 Glass Engraving Machines
10.6.5 Laser Engraving Machines
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe CNC Engraving Machine Market Size Forecast by Applications
10.10.1 Furniture Products
10.10.2 Advertising Decoration Products
10.10.3 Handcrafted Gifts
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific CNC Engraving Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific CNC Engraving Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific CNC Engraving Machine Market Size Forecast by Type
11.6.1 Woodworking Engraving Machines
11.6.2 Stone Engraving Machines
11.6.3 Advertising Engraving Machines
11.6.4 Glass Engraving Machines
11.6.5 Laser Engraving Machines
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific CNC Engraving Machine Market Size Forecast by Applications
11.10.1 Furniture Products
11.10.2 Advertising Decoration Products
11.10.3 Handcrafted Gifts
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America CNC Engraving Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America CNC Engraving Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America CNC Engraving Machine Market Size Forecast by Type
12.6.1 Woodworking Engraving Machines
12.6.2 Stone Engraving Machines
12.6.3 Advertising Engraving Machines
12.6.4 Glass Engraving Machines
12.6.5 Laser Engraving Machines
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America CNC Engraving Machine Market Size Forecast by Applications
12.10.1 Furniture Products
12.10.2 Advertising Decoration Products
12.10.3 Handcrafted Gifts
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) CNC Engraving Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) CNC Engraving Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) CNC Engraving Machine Market Size Forecast by Type
13.6.1 Woodworking Engraving Machines
13.6.2 Stone Engraving Machines
13.6.3 Advertising Engraving Machines
13.6.4 Glass Engraving Machines
13.6.5 Laser Engraving Machines
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) CNC Engraving Machine Market Size Forecast by Applications
13.10.1 Furniture Products
13.10.2 Advertising Decoration Products
13.10.3 Handcrafted Gifts
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CNC Engraving Machine Market: Competitive Dashboard
14.2 Global CNC Engraving Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sange Machinery
14.3.2 Five Axis CNC Equipment
14.3.3 Chouxin Automation
14.3.4 Gravotech
14.3.5 HUAGUAN CNC
14.3.6 Leimu Digital
14.3.7 Liaocheng Longtai Laser
14.3.8 Jinan Singhui CNC Technology
14.3.9 ROC Machine
14.3.10 Anderson Group
14.3.11 Shenzhen Jojoyseiko
14.3.12 Jingdiao Group
